Saving vs. Investing - What Should You Do?

Many people use the terms saving and investing interchangeably because they go hand in hand to ensure financial stability. But saving and investing have many differences.

With rising inflation and uncertain markets, it's important to understand the difference between saving and investing so you can prepare the best financial foundation for yourself and your family.

When You Should Choose to Save?

1. You don’t have an adequate emergency fund Building up emergency savings is one of the first things to do before you start investing.

2. You need money in the short term If you need money for short-term goals, like a down payment on a house or an upcoming vacation, you should choose to save.

3. You want to access cash as quickly as possible Savings accounts are highly liquid, meaning that you can access the money in your account as soon as possible.

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